Russia has internal replacement for SWIFT, cenbank says

Illustration shows Swift logo, EU and Russian flags

– Russia has a system that can replace the SWIFT international payments system internally, Central Bank Governor Elvira Nabiullina said on Monday, stressing the need to support clients of banks.

Nabiullina said all banks in Russia will fulfil their obligations and all funds on their accounts are secured.

(Reporting by Reuters, Editing by Louise Heavens)

Reuters

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